defense companies like sekorski make more in anticipation of more defense spending cuts after the first of the year. sekorski down 570 jobs. mitt romney avoided much of -- a lot of taxation when he set up a trust to give millions to his grandchildren. perfectly legal way to take care of his heirs, he's criticized for it. ed butowsky with chapwood investments. what did he do, did he avoid tax or minimize tax? >> he took advantage of exactly what the tax code was, he didn't avoid it, he delayed it. it's important for people to understand. a lot of tax planning goes into when you're a wealthy individual and we applaud he took money-- excuse me took stock and low cost basis into a trust. a republican or democrat you can do that. what he did at that point no money was taxed at all on that, on those assets. in this case double click stock, it went up. and about this, normally when you have a trust, the trust will pay the tax. in this case he set up grantor trust which means he's paying the taxes on that not the trust. so the idea that he avoided taxes is just not true. you get a certain amoun